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Full Circle Homebuyers

138 E 12300 S
Draper, UT 84020
 (801) 203-0980
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905 Madison St, Leavenworth, KS 66048

5 Bedrooms / 3 Baths / Multiple Family

Property Status: Not Available (Wholesale) |  Not Available: $250,000.00



26% Cash on Cash Return | Discounted Leavenworth Triplex!


Property Details:
Property Style:
Tri-Plex
Year Built:
1983
Finished Sq. Ft:
2,400
Basement:
Finished Basement
Owner/Agent:
Wholesale
Link to Photos: https://drive.google.com/drive/folders/1aupx_8b3KcnbTYjczljJ0tQRkvzP2A70?usp=sharing

Property Description
This property is an updated triplex that does not need any repairs or maintenance upon purchasing it. The roof is 8 years old. In total, it is 5 bedrooms, 3 bathrooms, 2400 sqft. It was built in 1983. This is a CASH COW!!! Don't miss out before it's gone.

Unit A is currently rented for $900 per month. This tenant is on a lease until July 2023. This unit is located on the main floor. It is 2 bedrooms, 1 bathroom, and 600 sqft. The owner pays for this tenant's utilities, which are approximately $150/month. This unit shares utility meters with Unit B.

Unit B is currently vacant and is rent-ready. It is able to be rented for $900 per month. Buyer is able to have the unit rented prior to closing. This unit is located on the main floor. It is 1 bedroom, 1 bathroom, and 600 sqft. Tenant can pay their own utilities in this unit. This unit shares utility meters with Unit A.

Unit C is currently vacant and is being remodeled. It is able to be rented for $1,300+ per month. Remodel will be completed PRIOR TO CLOSING. Buyer is able to advertise the unit prior to closing. This unit is located in the basement. It is 2 bedrooms, 1 bathroom, and 1200 sqft. Tenant can pay their own utilities in this unit. This unit has its own meters.

Financials:
Basic Financials
$250,000 Purchase Price with $50,000 Down Payment
Gross Monthly Income: $3,100
Monthly Mortgage Payment @ 6.5% Interest: $1,264
Monthly Taxes: $154.75
Est. Monthly Insurance: $150
Est. Monthly Repairs: $200
Est. Monthly Utilities: $150

Monthly Income: $1,181.25
NOI: $14,175
Cash on Cash Return: $14,175/$55,000 = 25.77%

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